Social Media Sentiment
Social Media Sentiment
Price Prediction: is MKR a Good Investment Today in 2022, and in 2025, 2030?
Current price and other data:
|Symbol||Price change (1d)||Price (USD)||Price change (1 week)||Sentiment||Sentiment change (1d)||Sentiment change (1 week)||Tweets volume change||Trading volume change||Volatility||MarketCap|
In this guide we will look at the Maker from several different perspectives:
- social media analytics
- pricing data
- technical analysis
- developer activity
Is Maker a good investment - what does social media tell us about this?
Social listening is a strategy that allows for the monitoring of social media
channels to find out what people are saying about individual coins.
Our web platform collects this data non-stop, processing millions of social media posts each day.
From this social media data we determine:
- number of times Maker or MKR is mentioned in social media posts
- sentiment (positive or negative) of social posts in which Maker or MKR is mentioned (we use state-of-the-art machine learning model to compute sentiment of posts)
- what are the most frequent words/topics mentioned in positive or negative sentiment posts that mention Maker or MKR. This allows our users to see which topics/news are positively / negatively impacting the price of Maker
Why can tracker of crypto social media mentions help?
Tracking of social media mentions helps, because the price of coins is often
with activity on social media.
See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise:
Social media mentions of Maker
Let us now turn our attention to Maker. You can see the number of
mentions of Maker and MKR in social
media posts in the following chart.
Comparison of hourly number of mentions on social media of Maker and Bitcoin
Check video of our platformYou can use our platform by subscribing to one of our plans.
Social media sentiment of Maker
Daily social media sentiment of Maker and MKR is
available in the following chart (for longer history dating back to 2017, subscribe to one of our plans):
Comparison of hourly sentiment of MKR and Bitcoin
The interesting development and insights can often be obtained from same
data but based on smaller, hourly interval.
You can get the mentions and sentiment of coins on hourly level as well, by subscribing to one of our plans.
Interested in just the crypto sentiment of Bitcoin? Check out crypto sentiment analysis of bitcoin.
Analysis of most frequent words in positive/negative posts about Maker and MKR
As part of NLP analysis of social posts we determine the
are most often found in positive and in negative social posts about
Maker and MKR, using NLP analysis.
Words that are most frequently found in positive sentiment social posts about Maker and MKR are:
crypto, top, s, best, new, it, you, mkr, one, btc, first, back, price, join, shop, never, great, every, government, good, high, trading, server, via, created, relative, open, buysignals, rsi, come, strongest, xrp, love, pretty, there, eth, money, create, work, change, still, signal, company, this, know, and, t, said, right, your,
Words that are most frequently found in negative sentiment social posts Maker and MKR are:
would, the, time, mcandlestacrypto, get, like, maker, periods, lowest, mfi, selling, god, really, think, also, something, could, people, way, little, even, going, see, short, sub, super, understand, make, here, want, they, use, since, game, that, better, much, maybe, mtl, comment, contact, wanted, tvk, thing, right, said, your, this, t, and,
See the 2D chart displaying full word analysis of social posts for this coin:
Interesting Reddit posts about Maker
We collect interesting Reddit posts about
Maker, here is our selection of posts:
Maker technical analysis view
Using trading data, we compute potential support
and resistance levels
for all cryptocurrencies, current chart for
Important technical analysis method is chart patterns analysis. We use AI to detect various chart patterns, here is the chart showing trendlines for Maker:
Bull and bear markets of Maker
A bull market is a period of general rising prices in
the crypto, stock or any other financial market. A
bull market is typically preceded by a bear market and
followed by a bear market.
We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.
Maker has experienced a number of bull and bear markets in the past, see chart below:
What is Maker biggest bull run ?
Maker biggest bull run started on
Sep 24th, 2020 and ended on May 4th, 2021.
During this time, the price of Maker increased from 435.5076 USD to 6066.8348 USD, resulting in a return of 1293.0 %.
What is Maker 2nd biggest bull run ?
Maker 2nd biggest bull run started on
Mar 13th, 2020 and ended on
Jun 10th, 2020.
During this time, the price of Maker increased from 203.3193 USD to 696.5594 USD, resulting in a return of 242.6 %.
Historical bull and bear markets of Maker:
|Symbol||Start Date||End Date||Start Price||End Price||Return|
Other sources of historical data: Maker free historical data for download
Maker cryptocurrency API data
Download historical bull and bear markets data for Maker by clicking on the button below :
Get csv of bull and bear markets
Sentiment of cryptocurrency news about Maker and MKR
We also compute sentiment for all the news that mention
Here is an example of recent, sentiment annotated news about